Crown raised 8.1 million USD to launch the Brazilian stablecoin BRLV, bringing double-digit returns to the world.

Brazilian fintech startup Crown recently announced the completion of a $8.1 million seed round financing and launched the stablecoin BRLV, which is backed by Brazilian government bonds and pegged to the Brazilian real (BRL). This not only represents financial innovation in emerging markets but also hopes to allow global institutional investors to legally and transparently enjoy double-digit yields in Brazil.

Framework, Coinbase investment, Crown becomes a new star stablecoin in Brazil

Crown, as a programmable currency infrastructure, announced its latest round of $8.1 million seed funding, led by Framework Ventures, with participation from Coinbase Ventures, Paxos, Valor Capital Group, Norte Ventures, and Ed Wible, co-founder of Nubank, also joining the board.

This funding will be used to launch the BRLV stablecoin, expand market reach, and product development. Crown aims to become the most compliant and liquid stablecoin issuer in Brazil, bridging traditional finance and the blockchain ecosystem.

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Reserve with government bonds: Is it expected to become a “yield-generating stablecoin”?

It is reported that BRLV is not simply backed by fiat currency or cash-equivalent assets, but is fully supported by Brazilian government bonds.

Crown CEO John Delaney stated: “This structure allows BRLV holders to indirectly participate in the high yields of the Brazilian bond market without sacrificing security.”

Most stablecoin issuers keep this income for themselves, but we hope to provide a fairer model for our institutional partners through a revenue sharing mechanism.

)Coinbase offers a 4.5% interest rate to capture the market. Is the yield-generating stablecoin targeting bank deposits truly risk-free? (

Brazil's high interest rate environment attracts global attention.

Brazil has maintained a high interest rate policy for a long time, with the current 10-year government bond yield at about 14% to 15%, far higher than the markets in the United States and Europe. The central bank's benchmark interest rate also stands at a high of 15% to curb inflation.

Brazil 10-year government bond yield

For global investors, such returns are highly attractive, yet direct participation is difficult due to restrictions on foreign investment, complex taxation systems, and currency controls. The launch of BRLV can be said to open the door for global institutions.

Vance Spencer, co-founder of Framework Ventures, even stated that Crown has the potential to become “the Circle of Brazil,” serving as a bridge for foreign capital to access the local revenue market.

The Brazilian stablecoin market is rapidly rising.

According to Chainalysis data, Brazil received a total of $318.8 billion in cryptocurrency transactions between July 2024 and June 2025, leading the Latin American region, with 90% related to stablecoins, indicating a growing demand for them in the Brazilian financial system.

In addition to Crown's BRLV, the Brazilian market has other real stablecoins such as BRL1 issued by an alliance of several exchanges, BRZ issued by Transfero, and BBRL issued by the local bank Braza Group.

However, the President of the Central Bank of Brazil, Gabriel Galipolo, has warned about dollar-pegged stablecoins, expressing concerns that they may lead to fluctuations in capital flows and policy disruptions. This has made locally pegged compliant stablecoins a common focus of attention for regulators and the market.

This article Crown raised $8.1 million to launch the Brazilian stablecoin BRLV, bringing double-digit returns globally. It first appeared in Chain News ABMedia.